Winnipeg Free Press

Winnipeg Free Press (Newspaper) - September 1, 1998, Winnipeg, Manitoba A6 Winnipeg free september advice for Shell shocked investors dont panic Shirley of investors and Scott Stew of Nesbitt have Simi Lar advice for Shell shocked investors saving for retirement regardless of their age investors panic Over recent Stock Market heres More of their younger investors in their twenties the younger person has a Long horizon if saving for Kabaluk adding Young people can usually take on More in the younger the investor the greater proportion of equities can be in their Stewart said Young investors and even older investors should take a lesson in the recent Stock Market flu youre not playing the Stock youre investing in businesses Over the Long the Stock Market drop could Actu ally be positive for investors with time on their stocks went on Sale today that what it everyone has been buying stocks in pricey ranges the last couple of Stewart a 25yearold has been Given a great its far better to be today than it was last Stewart cautioned the Stock markets roller coaster plunge might not have stopped and it could certainly go Middle aged investors Kabaluk said investors in this group should be reviewing their investment portfolio with their if there the right they should just sit if they Are Unco fort they should discuss if you have More than a 10year its a Good time to buy Stewart if you have less than 10 and youre too heavily weighted in Equi and youre you should readjust your Stewart said a 20 per cent drop in the Dow Jones Stock Market necessarily be a 20 per cent drop in the value of an investors portfolio if it is a balanced for he said if investors had a 5050 split Between equities and Bonds or they would Only have seen a 10 per cent drop in their portfolios retiring investors Kabaluk said it used to be that advis ers would Tell investors to pull All of their Money put of risky including and put it All into Bonds or not with people living they could still have a 30year investment Hori Zon you dont want to outlive your Kabaluk the old teaching that As soon As you retire move everything to income investments Doest always work Stewart just because you retire at age Doest mean your investment years have Stewart you dont just sell All your invest but both cautioned that people should be talking to their investment counsellors for individual Cou 1 tuesday in effect at these participating locations Birds Mil Road Birds he 187o Burrows Verrue Avenue Portage Avenue courts of James r Dakota St marys Road 1633 a eth Drake hos goods 650 Elizabeth Cavalier Kirby Manitoba 165q Maln Street main Street Avenue Saskatchewan Avenue Portage a 2100 Sas Kaher 1529 Gateway Road and at these participating Penner Iga locations Altona Southland Winkler Winkler Winnipeg Dakota St ;